On June 17, 2020, the National Assembly of Vietnam passed the Law on Investment 2020 (LOI) and Law on Enterprises 2020 (LOE). The new laws will take effect on January 1, 2021, replacing their predecessors from 2014. These are two of the main sources of corporate law in Vietnam, applicable to both domestic and foreign companies. Some key changes for foreign investors are listed below.Law on Investment 2020

Myanmar’s new Insolvency Law (IL) came into effect on February 14, 2020, replacing the Yangon Insolvency Act 1909 and the Myanmar Insolvency Act 1920. The long-awaited replacement law was soon followed by the Insolvency Rules, issued by the Supreme Court of the Union on April 28, 2020.

A recent notification from the Bank of Thailand (BOT) has introduced new know-your-customer (KYC) guidelines for e-money businesses, updating the country’s regulatory regime to accommodate the greater variety of e-money services that have come into the market. The new regulations better differentiate between the types of risk relating to each product, and are expected to help e-money service providers overcome difficulties in identifying their customers.

On August 28, 2020, the Myanmar Government announced that the soft opening period of the Myanmar Department of Intellectual Property (MDIP) under Myanmar’s new trademark law will begin on October 1, 2020. This long-awaited development will be a very welcome one to trademark owners worldwide who have been waiting for the opportunity to properly protect their rights in Myanmar for many years.

The Thai government’s various COVID-19-related tax relief measures—most of which were approved by the cabinet in March of this year—have now been formally promulgated and clarified in a series of royal decrees and notifications.

From April 19, 2020, Thai law will allow board meetings and shareholders meetings to take place entirely via electronic means, and attendants will no longer be required to be physically present in Thailand.

In order to qualify as a VSPP, a power producer must generate no more than 10 MW per project, and must comply with the requirements and restrictions set by the Executive Committee of Power Purchase from Community Power Plant Projects. Furthermore, prospective VSPPs may only use one of the following:BiomassBiogas from wastewater or wasteBiogas from biofuelA hybrid of biomass or biogas  with solar power

On March 2, 2020, the Department of Mineral Fuels (DMF) issued its Notification Re: the Determination of Exploration Blocks for the Bidding for Petroleum Exploration and Production B.E. 2563 (2020). This notification, which repeals the Notification of the Department of Mineral Fuels Re: the Determination of Exploration Blocks for the Bidding for Petroleum Exploration and Production B.E. 2561 (2018), allocates the areas to be used as exploration blocks for the 23rd round of bidding for petroleum and exploration production.